Acorn Financial Advisory Services Inc. ADV Trims Holdings in BorgWarner Inc. $BWA

Acorn Financial Advisory Services Inc. ADV trimmed its position in BorgWarner Inc. (NYSE:BWA) by 3.1% during the second quarter, Holdings Channel.com reports. The firm owned 39,008 shares of the auto parts company’s stock after selling 1,251 shares during the period. Acorn Financial Advisory Services Inc. ADV’s holdings in BorgWarner were worth $1,306,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BWA. Farther Finance Advisors LLC lifted its holdings in BorgWarner by 26.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,965 shares of the auto parts company’s stock valued at $56,000 after purchasing an additional 407 shares in the last quarter. CX Institutional purchased a new position in shares of BorgWarner during the 1st quarter worth about $98,000. Blackston Financial Advisory Group LLC lifted its holdings in shares of BorgWarner by 20.3% during the 1st quarter. Blackston Financial Advisory Group LLC now owns 7,705 shares of the auto parts company’s stock worth $221,000 after acquiring an additional 1,301 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of BorgWarner by 185.3% during the 1st quarter. State of Alaska Department of Revenue now owns 148,170 shares of the auto parts company’s stock worth $4,244,000 after acquiring an additional 96,235 shares during the period. Finally, Global X Japan Co. Ltd. lifted its holdings in shares of BorgWarner by 133.4% during the 1st quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company’s stock worth $26,000 after acquiring an additional 523 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

BorgWarner Trading Down 0.0%

NYSE BWA opened at $41.20 on Tuesday. BorgWarner Inc. has a one year low of $24.40 and a one year high of $44.97. The company’s 50 day moving average price is $42.62 and its 200 day moving average price is $35.64. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.66 and a current ratio of 2.02. The firm has a market capitalization of $8.91 billion, a price-to-earnings ratio of 43.82, a PEG ratio of 1.36 and a beta of 1.09.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, July 31st. The auto parts company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.06 by $0.15. BorgWarner had a net margin of 1.50% and a return on equity of 16.17%. The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.56 billion. During the same quarter last year, the firm posted $1.19 earnings per share. BorgWarner’s revenue for the quarter was up 1.0% compared to the same quarter last year. BorgWarner has set its FY 2025 guidance at 4.450-4.65 EPS. On average, sell-side analysts predict that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner announced that its Board of Directors has initiated a stock buyback plan on Thursday, July 31st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the auto parts company to reacquire up to 13.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

BorgWarner Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.7%. This is a positive change from BorgWarner’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Tuesday, September 2nd. BorgWarner’s dividend payout ratio is 72.34%.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, VP Stefan Demmerle sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $40.50, for a total value of $202,500.00. Following the completion of the sale, the vice president owned 229,040 shares of the company’s stock, valued at $9,276,120. This trade represents a 2.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alexis P. Michas sold 8,772 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $42.31, for a total transaction of $371,143.32. Following the completion of the sale, the director directly owned 78,903 shares of the company’s stock, valued at $3,338,385.93. This trade represents a 10.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,272 shares of company stock valued at $1,263,318 over the last 90 days. 0.63% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

BWA has been the topic of several recent analyst reports. The Goldman Sachs Group increased their price objective on shares of BorgWarner from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of BorgWarner in a report on Wednesday, October 8th. Baird R W upgraded shares of BorgWarner from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 3rd. Bank of America lowered shares of BorgWarner from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $41.00 to $46.00 in a report on Wednesday, September 10th. Finally, Morgan Stanley increased their price objective on shares of BorgWarner from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $44.64.

BorgWarner Company Profile

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.